PENN Entertainment (PENN) Stock Forecast & Price Target

$25.58

+1.02 (+4.15%)

(As of 12/1/2023 08:55 PM ET)

Today's Range: $24.51
▼
$25.70
50-Day Range: $18.41
▼
$26.33
52-Week Range: $18.35
▼
$36.66

Volume: 4.02 million shs
Average Volume: 3.80 million shs
Market Capitalization: $3.88 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $33.35

PENN Entertainment Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$33.35
30.39% Upside

High Forecast	$46.00
Average Forecast	$33.35
Low Forecast	$22.00

Type	Current Forecast 12/4/22 to 12/4/23	1 Month Ago 11/4/22 to 11/4/23	3 Months Ago 9/5/22 to 9/5/23	1 Year Ago 12/4/21 to 12/4/22
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)
Hold	8 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$33.35	$35.11	$36.72	$54.94
Predicted Upside	30.39% Upside	26.54% Upside	26.20% Upside	41.73% Upside

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PENN Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PENN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PENN Entertainment Stock vs. The Competition

Type	PENN Entertainment	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.50	2.56	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	30.39% Upside	126.47% Upside	2,853.20% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$27.00 ➝ $30.00	+22.10%
11/17/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$33.00	+33.82%
11/13/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$24.00 ➝ $22.00	-5.34%
10/18/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$30.00 ➝ $25.00	+23.46%
10/12/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$25.00	+15.37%
8/10/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$30.00 ➝ $29.00	+10.90%
Get the Latest News and Ratings for PENN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PENN Entertainment and its competitors with MarketBeat's FREE daily newsletter.
8/10/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$44.00 ➝ $38.00	+47.80%
8/10/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$33.00 ➝ $36.00	+32.84%
8/10/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$56.00 ➝ $30.00	+10.70%
5/5/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$38.00 ➝ $32.00	+23.03%
5/5/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$42.00 ➝ $40.00	+53.85%
5/5/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$31.00 ➝ $27.00	+3.85%
5/2/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Engel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
5/2/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$35.00 ➝ $40.00	+31.02%
4/17/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$45.00	+56.74%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$50.00 ➝ $46.00	+37.23%
2/3/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$33.00 ➝ $35.00	+3.18%
1/9/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$50.00 ➝ $34.00	+12.14%

(Data available from 12/4/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

PENN Price Target - Frequently Asked Questions

What is PENN Entertainment's consensus rating and price target?: According to the issued ratings of 16 analysts in the last year, the consensus rating for PENN Entertainment stock is Moderate Buy based on the current 8 hold ratings and 8 buy ratings for PENN. The average twelve-month price prediction for PENN Entertainment is $33.35 with a high price target of $46.00 and a low price target of $22.00. Learn more on PENN's analyst rating history.
Do Wall Street analysts like PENN Entertainment more than its competitors?: Analysts like PENN Entertainment less than other Consumer Discretionary companies. The consensus rating score for PENN Entertainment is 2.50 while the average consensus rating score for consumer discretionary companies is 2.56. Learn more on how PENN compares to other companies.
Is PENN Entertainment being upgraded by Wall Street analysts?: Over the previous 90 days, PENN Entertainment's stock had 1 upgrade by analysts.

Does PENN Entertainment's stock price have much upside?: According to analysts, PENN Entertainment's stock has a predicted upside of 23.85% based on their 12-month stock forecasts.
What analysts cover PENN Entertainment?: PENN Entertainment has been rated by Bank of America, Capital One Financial, Morgan Stanley, Needham & Company LLC, and Truist Financial in the past 90 days.

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This page (NASDAQ:PENN) was last updated on 12/4/2023 by MarketBeat.com Staff

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